Meaning of the word "credit rating agency" in English

What does "credit rating agency" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

credit rating agency

US /ˈkred.ɪt ˈreɪ.tɪŋ ˌeɪ.dʒən.si/
UK /ˈkred.ɪt ˈreɪ.tɪŋ ˌeɪ.dʒən.si/
"credit rating agency" picture

Noun

1.

a company that assesses the financial strength of companies and governments and their ability to pay their debts, and publishes these assessments as credit ratings

Example:
The credit rating agency downgraded the country's debt.
Investors rely on reports from credit rating agencies.
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